Finexx takes over Volpini packaging and increases fund volume
Stuttgart — The investment company Finexx has acquired 100 percent of the shares in Volpini Verpackungen GmbH Austria as part of a succession plan. Volpini is a leading manufacturer in Central Europe of Packaging cups and films. The existing management will continue to support the company in all operational matters to ensure a seamless transition of management. The parties have agreed not to disclose further details of the transaction. The new investment, which strategically fits perfectly into Finexx’s investment strategy, takes into account an increase of Finexx Fund II to the total volume of 30 million euros. The high-growth mid-market investor from Stuttgart now manages a total of around EUR 65 million.
Volpini Verpackungen GmbH Austria, based in Spittal an der Drau, Austria, was originally founded in 1811. Since 1970, the traditional company with its current workforce of around 60 employees has specialized in the production of plastic packaging, in particular sustainable packaging cups (yogurt pots) and thermoforming sheets. In the field of Desto cups, which are considered to be particularly sustainable, Volpini plays a leading role in the Central European market. The company has modern production facilities that are optimally adapted to the requirements of medium-sized and large customers in the food industry. Most recently, Volpini generated annual sales of around 13 million euros.
With the acquisition of Volpini, Finexx further expands its presence and expertise in the food industry. With the organic food innovator BIOVEGAN and BioneXX Holding with the brands GSE, Fitne and Feelgood Shop, the portfolio of the industry specialist already includes two market-leading platforms in the field of organic baking and cooking ingredients as well as food supplements and healing products.
“The food industry is in a state of flux. Not only is the market for health-conscious nutrition growing rapidly, but companies and innovative solutions in the field of sustainable packaging solutions are also booming. Volpini is already excellently positioned in this area. In addition, we see both organic and inorganic growth potential at Volpini. With its market-leading position, the company is therefore the optimal strategic addition to our industry-oriented portfolio,” says Finexx CEO Matthias Heining.
Accompanying the transaction, Finexx Fund II, which was closed at the end of last year, was increased from 20 to now 30 million euros. The Baden-Württemberg-based investment company, which specializes in growth investments and succession planning, now manages a total of around 65 million euros. Finexx’s cross-sector investment strategy focuses on small and medium-sized enterprises (SMEs) with sales of 10 million euros or more.
“Our investment philosophy is to support medium-sized companies with industry expertise, capital and an extensive network in their growth or in challenging succession situations as partners. In our self-image as an institutional family shareholder, we wanted to continue this proven strategy with our second fund from the outset. The increase of our Finexx Fund II by around ten million euros shows that we are on the right track with our entrepreneurial conviction,” says Dr. Markus Seiler, CEO of Finexx.
In addition to Volpini, BIOVEGAN and BioneXX Holding in the packaging and food industry, Finexx has a stake in Sicko, a medium-sized specialist in industrial automation in wood processing.
Finexx GmbH Unternehmensbeteiligungen, based in Stuttgart, is an investment company founded in 2013 that specializes in established medium-sized companies. Typical fields of activity are growth, investment and acquisition financing as well as the support of changes in the shareholder structure and succession planning.
Finexx invests long-term funds from insurance companies and pension funds, among others, in companies from the German-speaking region, predominantly within the framework of majority shareholdings. These have sales of EUR 10 million or more, a qualified management team, and can demonstrate sustainable earnings power and cash flow based on a successful business model.
The team has many years of industrial and management experience as well as profound know-how in the investment sector — both are brought to bear for the successful further development of companies and in the associated change processes. Finexx supports management by providing active commercial and technical advice without interfering with day-to-day operations, as well as a cross-industry network. www.finexx.de